40 | Business News ECONOMY | Disease leaves African nation shivering Ebola-hit Liberia sets out on recovery road Small traders return to business after being off the streets following the epidemic BO WATERSIDE, Liberia, Monday goods to travellers when she should probably be doing her homework. The 16-year-old keeps her family C afloat by selling at the main crossing point between her native Liberia and Sierra Leone, but she was put out of business for months when the Ebola crisis shut the border. Today, she is able to return to her spot on the reopened Mano River Bridge linking the countries, desperate to make up for lost income. “Come and buy your rubber dishes for small money. Come and see the best offers. Small, small money. Anyone can afford it,” Kamara cries out to potential customers making the crossing on foot. Traders were dismayed when the bridge shut for six months at the height of an epidemic which has claimed more than 10,000 lives. linging to cheap kitchen ware and the hope of a better life, Fatima Kamara hawks her With the border reopened since February, the commercial post of Bo Waterside on the Liberian side is once again open for business, a symbol of hope for the country’s desperately-needed economic recovery. “I sell these dishes to help my parents in sending me to school. My parents are not working... I go to school in the morning and sell in the afternoon,” Kamara tells AFP. “When the border was closed I was afraid that I would not be able to go to school.” Shops in Bo Waterside, a settlement of a few hundred that grew up around the crossing point, sell pasta, rice and local specialties such as popcorn balls. It is difficult to quantify the dam- age done by the Ebola crisis, as very little data is available on the volume of cross-border trade, most of which is informal. Locals at the border say countless thousands of Liberian entrepreneurs, unable to sell their goods, lost their sole means of income. Before the epidemic, Liberia had When the border was closed I was afraid that I would not be able to go to school” Fatima Kamara notched up strong growth of more than nine per cent per year since 2005, rising as high as 15.7 per cent in 2007, according to World Bank figures. The economy is forecast to grow by just three per cent this year — less than half the pre-Ebola projection — equating to a loss in expected income of around $200 million. (AFP) AT WORK | Hanging on to dear life DAILY NATION Tuesday April 7, 2015 BRIEFLY PERFORMANCE Qatar economy grew by over 6pc last year Qatar’s economy grew by more than six per cent in 2014, official figures showed, driven by spending on huge construction projects ahead of the 2022 World Cup. Shrugging off any fears regarding the oil price slump, the energy rich Gulf economy expanded by 6.2 per cent last year, according to the Ministry of Development Planning and Statistics. The strong performance is evidence of “the resilience of the Qatari economy and its ability to withstand the decline in oil prices,” Qatar National Bank said in a commentary. (AFP) ENERGY Oil prices rebound to over $50 a barrel Oil prices rebounded in Asia ADEK BERRY | AFP Two Indonesian men work on the outside of a high-rise building in Jakarta yesterday. The Indonesian Government implemented a work safety and health management system that requires companies with over 100 workers to enforce health and safety standards. today on news that a labour strike at a US refinery would end soon, tempering recent losses fuelled by an agreement to curb Iran’s nuclear programme. US benchmark West Texas Intermediate gained 90 cents to $50.04 while Brent rose 69 cents to $55.64 in afternoon trade. Prices fell sharply after six world powers and Iran agreed Thursday on a framework to rein in Tehran’s nuclear ambitions. Markets were closed Friday for Easter. The tentative nuclear deal, if confirmed, would lead to the lifting of crippling economic sanctions against Iran and allow its crude exports back on the world markets, which are already oversupplied.(AFP) PUBLIC AUCTION Under instructions received from our Principals, we shall sell by Public Auction the under mentioned properties together with all improvements erected thereon. 1. AN AGRICULTURAL PROPERTY SITUATED WITHIN MWALIMU FARM, KIAMBU COUNTY ON FRIDAY, 17TH 4TH APRIL 2015 AT 11:00A.M. AT OUR OFFICES, WINDSOR HOUSE, FLOOR ROOM 4 ALONG UNIVERSITY WAY IN NAIROBI TOWN All that piece or parcel of land known as TITLE NO. RUIRU/RUIRU EAST BLOCK 3/929 – MWALIMU FARM, KIAMBU COUNTY. The property is situated within Mwalimu Farm area approximately 8Kms off and to the left of Ruai – Kangundo road deviating 100m before the signboard to Brookshine School within Kiambu County. The property measures 0.807 Hectares or thereabouts and is vacant. Mains electricity and water are in close proximity for connection. This is an agricultural property within Mwalimu Farm area where the main agricultural practice is Livestock keeping. The Title is Freehold Interest registered in the name of ZACHARIAH ONGERA MONGARE. 2. AN INDUSTRIAL PROPERTY WITHIN NAKURU MUNICIPALITY, NAKURU COUNTY ON WEDNESDAY, 22ND PLAZA, 3RD APRIL 2015 AT 11:00 A.M. AT OUR OFFICES NACHA FLOOR ROOM 19 ALONG KIJABE ROW IN NAKURU TOWN All that piece or parcel of land known as TITLE NUMBER NAKURU MUNICIPALITY BLOCK 4/283 – K.I.E., NAKURU COUNTY. The property is situated along Sabuni road opposite Kenya industrial Estate offices within Nakuru Town’s Industrial area in Nakuru County. The property measures 0.0630 Hectares or 0.156 Acres approximately. Erected on the plot is an open space Go-down, a double storey office block comprising 2No. rooms each on the ground and 1st floors, an ablution block and workshop sheds to the rear. Mains water, electricity and sewer are connected. The immediate access road is earthen joining the tarmac about 50m away. The Title is Leasehold Interest registered in the name of JOSEPH MURIKA WAKUBWA guarantor to JUWAKIS ENTERPRISES. CONDITIONS OF SALE 1. All intending Purchaser(s) are requested to view and verify the details for these are not warranted by the Auctioneer or our clients. 2. A deposit of 25% MUST be paid by CASH or BANKERS’ CHEQUE at the fall of the hammer and the balance be paid to the Chargee’s Advocates within a Period of Ninety (90) Days from the date of sale. 3. The Sale is subject to a Reserve Price and Land Control Board Consent (where applicable). 4. Conditions of Sale are available on request at our offices and viewing of the properties is possible during normal working hours by prior arrangements with ourselves. ON FRIDAY, 17TH PUBLIC AUCTION Under instructions received from our Principals in Nakuru High Court Succession Cause No. 96 of 2000, we shall sell by Public Auction the under mentioned properties together with all improvements erected thereon. APRIL 2015 AT THE PROFESSIONAL CENTRE BUILDING, 2ND FLOOR ROOM NO. 1 ALONG PARLIAMENT ROAD IN NAIROBI AT 11:00O’CLOCK 1. A PRIME COMMERCIAL PROPERTY IN NAIROBI CENTRAL BUSINESS DISTRICT All that piece or parcel of land known as L.R. NUMBER 209/11540 – CBD, NAIROBI CITY COUNTY – registered in the name of RAHAB WANJIRU EVANS. The property is situated in Nairobi C.B.D. off Harambee Avenue and sand witched between Deputy President’s office and the Kenyatta University Plaza – City Campus and measures 0.2819 of a Hectare or 0.6965 Acres approximately. The Title is a Leasehold Interest for a term of 99 years with effect from 1st November 1991 at an annual rent of K.shs.1,800,000/=. This is a prime vacant commercial property in Nairobi’s C.B.D. and in a zone fit for shops/offices. Immediate access roads are tarmacked. Mains water, electricity and sewer are available for connection. 2. A PRIME INDUSTRIAL PROPERTY IN ATHI RIVER, MACHAKOS COUNTY All that piece or parcel of land known as L.R. NUMBER 337/1004 – ATHI RIVER, MACHAKOS COUNTY registered in the name of RAHAB WANJIRU EVANS. The property is situated in Athi River area to the West of Pepe Industries and to the South of Athi River. It is about 200m from Mumo Flats in the said Estate. The property measures 3.611 Hectares or 8.923 Acres. This is a Leasehold Interest of 99 years with effect from 1st September 1991 at a revisable annual rent of K.shs.68,000/=. Erected on the property are Two (2) blocks of Flats and several semipermanent structures. All mains services are available for connection to the property. CONDITIONS OF SALE 1. All intending Purchaser(s) are requested to view and verify the details for these are not warranted by the Auctioneer or our clients. 2. The interested Purchasers to make a refundable deposit of K.shs.10,000,000/= (Read: Kenya Shillings Ten Million) with the Auctioneers before the auction date in order to obtain a bidding number. 3. The interested Purchasers should provide proof and source of funds or Bank guarantee from a reputable bank. 4. A 25% deposit MUST be paid at the fall of the hammer and payment of the same done via RTGS – details shall be given to the highest bidder. 5. The balance of the Purchase Price to be paid within a period of Ninety (90) days. 6. The Sale is subject to a Reserve Price and Land Control Board Consent (where applicable). 7. Conditions of Sale are available on request at our offices and viewing of the properties is possible during normal working hours by prior arrangements with ourselves.